Poundland owner plots sale of discount chain a year after takeover
The owner of Poundland is exploring a sale of the discount retailer just over a year after buying it in a deal which resulted in the closure of as many as 200 stores.
Gordon Brothers, a Boston-based investment firm, is considering selling Poundland, the discount retailer they purchased for just £1 in July 2025. The firm is in discussions with advisers about launching a potential auction for the struggling retailer, which is currently undergoing a major restructuring. Poundland, headquartered in Walsall, West Midlands, has operated around 600 shops across the UK since its founding in 1990.
In the year to September 2024, the retailer reported a £79 million pre-tax loss, with revenue declining by 2.5 percent to £1.8 billion. The company's directors attributed the loss to significant changes made to its product offering and the negative impact of a volatile retail and economic environment. In August 2025, a High Court approved a restructuring plan that led to the closure of up to 200 stores.
Four months prior, Poundland announced it would be shutting 68 sites, warning that it was on the brink of collapse. Despite these challenges, the retailer claims to have made "significant progress" and is focused on delivering a range of products and price simplicity that customers want.
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